CDR: Transvestite TLD ;-)
George at Orwellian.Org
George at Orwellian.Org
Tue Nov 28 14:39:01 PST 2000
http://interactive.wsj.com/articles/SB975376877752666821.htm
#
# November 28, 2000
#
# VeriSign Invests in dotTV,
# Enters Marketing Alliance
#
# By NICK WINGFIELD
#
# Staff Reporter of THE WALL STREET JOURNAL
#
# VeriSign Inc., a leader in handling registrations for ".com"
# Internet addresses, Tuesday announced it is investing in a small
# firm that controls Internet addresses ending in ".tv".
#
# VeriSign, Mountain View, Calif., is the largest investor in a
# $28 million round of venture capital raised by .TV Corp.
# International, a closely held firm in Los Angeles that goes by
# the name of dotTV. International cable concern UnitedGlobalCom
# Inc., investment firm Munder Capital Management and other
# investors contributed to the funding, according to dotTV
# executives.
#
# VeriSign, through its Network Solutions subsidiary, also plans
# to begin allowing registrations of .tv Internet addresses on
# the Network Solutions Web site. Network Solutions also will store
# .tv addresses in a collection of 13 industrial-strength computers
# around the world that handle look-ups of Internet addresses.
#
# Network Solutions is the world's largest registrar of Internet
# address or "domain names" ending in .net., .org and .com. VeriSign
# and dotTV don't plan to disclose the financial terms of their
# marketing alliance, though VeriSign is expected to get a cut
# of the $50 annual fee dotTV charges customers for registering
# .tv domain names.
#
# The marketing deal could be a big boost for tiny dotTV, which
# wants to establish .tv as an alternative domain name aimed at
# Web companies that feature hefty doses of multimedia programming
# on their sites. An oversight body called the Internet Corp. for
# Assigned Names & Numbers, or Icann, hopes to finalize a plan
# by the end of the year to create a number of new Internet address
# suffixes, including ".info," ".pro" and ".biz".
#
# In the meantime, dotTV was able to license rights to the ".tv"
# domain name from Tuvalu, a small Pacific Island nation for which
# the suffix is an abbreviation. Under its agreement with dotTV,
# Tuvalu receives a minimum of $4 million a year during the next
# 10 years, according to dotTV executives. Tuvalu also owns about
# 20% of the company and has a seat on the dotTV board.
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